Freestanding Bank Branch with
5135 Kalamazoo Ave SE Kentwood, MI 49508
5135 Kalamazoo Ave SE, Kentwood, MI, 49508
$625,000
For Sale
$625,000
Freestanding former bank branch with a drive-thru, offering space for office, medical, or service uses on a prominent corridor.
Property Size3,210 SF
Lot Size0.75 Acres
Price / SF$194.70
Days on Market49
Property Features for 5135 Kalamazoo Ave SE
General Information
- Standard status
- Active
- Size
- 3,210 SF
- Lot size
- 0.75 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1979
Listing agency
NAI Wisinski of West Michigan
(269) 353-0311
Listed by
Jodi K Milks · License #6506044331
Source
Elliman
Added: Jun 3 Updated: Jul 10 at 3:59PM Checked: Jul 21 at 5:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Wisinski of West Michigan
Investment Insights
Based on property information with market context.
This freestanding former bank branch totals 3,210 SF and includes a 350 SF drive-thru area, set on 0.75 acres. The property is positioned for users that want a dedicated, standalone facility rather than a shared space arrangement. The existing configuration supports professional and service-oriented operations, with the drive-thru feature providing an added option for customer service or quick-access functions.
Located along Kalamazoo Avenue SE in Kent County, the site offers convenient access to 44th Street and 28th Street. It sits near established neighborhood retail and is close to major regional shopping destinations, including Woodland Mall and Breton Village Shopping Center. The property is zoned C-4 Office.
For buyers seeking an adaptable space, the C-4 Office zoning and existing drive-thru make the property a practical fit for professional office, medical, or other service-oriented users. Availability is targeted for September 2026. Please do not contact bank employees during business operations, and coordinate any inquiries or tours through the listed contact.
Located along Kalamazoo Avenue SE in Kent County, the site offers convenient access to 44th Street and 28th Street. It sits near established neighborhood retail and is close to major regional shopping destinations, including Woodland Mall and Breton Village Shopping Center. The property is zoned C-4 Office.
For buyers seeking an adaptable space, the C-4 Office zoning and existing drive-thru make the property a practical fit for professional office, medical, or other service-oriented users. Availability is targeted for September 2026. Please do not contact bank employees during business operations, and coordinate any inquiries or tours through the listed contact.
Key Highlights
- Freestanding 3,210 SF former bank branch with a 350 SF drive‑thru on 0.75 acres
- Zoned C‑4 Office, suitable for professional office, medical, or service‑oriented users
- Located along Kalamazoo Avenue SE with access to 44th Street and 28th Street
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.7k | $15.48 |
| − Vacancy | −$2.1k | −$0.65 |
| EGI | $47.6k | $14.83 |
| − OpEx | −$11.9k | −$3.71 |
| NOI | $35.7k | $11.12 |
3,210 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$510.0K
$446.3K – $595.1K
NOI $35,703 @ 7.0% cap · market cap 5.71%
Second Best
Retail
$476.0K
$416.5K – $555.4K
NOI $33,323 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$574.1K
$502.4K – $669.8K
NOI $40,189 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Banks
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Freestanding former bank branch with a drive-thru, offering space for office, medical, or service uses on a prominent corridor.
Where is this bank located?
The property is located at 5135 Kalamazoo Ave SE Kentwood, MI.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Freestanding 3,210 SF former bank branch with a 350 SF drive‑thru on 0.75 acres; Zoned C‑4 Office, suitable for professional office, medical, or service‑oriented users; Located along Kalamazoo Avenue SE with access to 44th Street and 28th Street
